News and Information
Due to the easing of market anxiety, gold prices fell back after a moderate rise
Gold prices rose modestly in New York on Tuesday, while silver prices were close to stabilizing. After a massive sell-off in global equities on Monday, the market generally calmed down. Gold rose $8.70 an ounce in December to...
Worry about the US economic outlook causing global stock markets to crash?
The rout in global stock markets in recent days has more to do with a reduction in carry trades used by investors to increase their positions than a sharp shift in the outlook for the US economy, analysts said on Monday.
Small non-agricultural gold prices rose by $10. Will big non-agricultural gold hit a new high tonight?
On August 1, Beijing time, the US Department of Labor released data showing that as of July 27, the number of initial jobless claims increased by 14,000, reaching 249,000, setting a new high in nearly a year. This data far exceeded market expectations, triggering...
U.S. wage growth in the second quarter fell to its slowest pace in three-and-a-half years, providing further justification for a September interest rate cut
US labour costs rose modestly in the second quarter and private sector wages grew at their slowest pace in three-and-a-half years, providing further evidence that inflation is on a steady downward trend and adding to the case for a September rate cut. Ahead of Wednesday's report from the labour department, last week's data showed...
The Bank of Japan will explain its tapering program on Wednesday and debate the timing of its next interest rate hike
On July 31st (Wednesday) at around 11:00 Beijing time, the Bank of Japan announced its interest rate resolution and outlook report. Then Bank of Japan Governor Kazuo Ueda held a monetary policy press conference. The policy committee will also discuss whether to raise short-term interest rates from 0...
The new official takes office with three fires! The new British finance minister will push the fiscal portfolio, and the pound is expected to receive a boost
British Chancellor of the Exchequer Reeves said the previous government left a 22 billion pound deficit and will cut spending to repair the fiscal. In addition, Reeves hinted that taxes will be raised in the future. Reeves' full budget will be released on October 30, which includes "difficult...
UBS: New Zealand Federal Reserve to cut interest rates by 25 basis points in August, the New Zealand dollar may not perform well in the next year
The market has raised expectations for the Reserve Bank of New Zealand to cut interest rates by 25 basis points in August, and now sees a probability of a rate cut of about 70%. UBS currently expects the Reserve Bank of New Zealand to cut interest rates by 25 basis points for the first time in August, and believes that the New Zealand dollar will be in the next 12 months...
Silver prices fell below the 29 mark, foreign exchange platform analysts: the next target is the 28 mark
On Wednesday (July 24), despite the weakness of the US dollar, spot silver was still sold off and has fallen below the important level of $29.00/ounce. Analysts at foreign exchange trading platforms ChristianBorjonValencia...
In the face of negative external market conditions, there is little selling pressure on gold
Forex trading platform - Gold prices weakened and silver prices fell slightly at midday US trading on Monday (July 22). The two precious metals faced some price pressure from major external markets on the first trading day of the week, with the market tending to be bearish...
The strong return of the US dollar, the global foreign exchange market changed last week, how will the euro and Canadian dollar change this week?
Forex Trading Platform - The main points of interest in the foreign exchange market last week were the safe-haven demand for the US dollar, the central bank intervention of the Japanese yen and the pick-up in inflation, the retail sales data of the British pound, the wait-and-see period of the euro, and the weakness of retail sales of the Canadian dollar. In the global economy, it is uncertain...
Gold bulls are rising, and the intraday super 2460 has reached a new record high
Forex trading platform - Gold prices rose in early U.S. trading on Tuesday (July 16), reporting a new high in the intraday session, with an increase of 1.60% at $2460.92 an ounce. Bulls are gaining momentum, pushing gold to a record high. Technology...
Crude oil analysis: Crude oil long and short is in a wait-and-see stage, the market awaits further guidance
On Monday (July 15), the latest OPEC report highlighted strong oil demand in 2024. The level of global oil demand remained unchanged from the previous report, and the level of global economic growth has been raised to 202...
PPI data is unable to weigh on gold bulls, and analysts predict that the next week is expected to refresh historical highs
Last Friday (July 12), producer prices (PPI) were higher than expected, but failed to cool the gold market. Gold prices are on track to break above $2,400 an ounce for the second week in a row, and analysts expect gold prices to hit another record high in the coming week. On...
Federal Reserve Chairperson Jerome Powell says he is willing to cut interest rates, but implementation requires more progress on inflation
Federal Reserve Chairperson Jerome Powell said in testimony prepared for a Senate hearing on Tuesday that cutting interest rates too little or too late could put the economy and the labor market at risk.
The U.S. jobs data accelerated the decline in the dollar, which has fallen for four consecutive trading days
Inflation is easing and the job market has returned to the "tight but not overheated" state it was in before the COVID-19 pandemic sent the US economy into disarray, the Federal Reserve said in a report to Congress on Friday, painting a picture of the country's economic growth.
